Quintuplex in Lower Town generating $83,196/year in gross income. Built in 1895 in brick, renovated in the right places: roof and windows 2023, bi-energy conversion 2022. 2 large 7½ units (1 air-conditioned), 5½, 3½ 100% redone in 2022 and furnished loft. Water heater, electrical panel and washer-dryer hookup in each unit. Additional energy optimization potential. Ideal for investor or owner-occupant. No visits without an accepted promise to purchase.
RARE: 2 large 7½ units in Lower Town
Varied composition: 2 x 7½, 5½, renovated 3½, furnished loft
Major expenses done: roof, windows and bi-energy 2022-2023
Potential for energy and income optimization
Roof (2023)
Windows (2023)
Bi-Energy Conversion (2022)
The sale is made without legal warranty of quality, at the buyer's risk and peril
| Cadastral number | 5 343 306 |
| Total Municipal Assessment | 860 000 $ |
| Municipal Land Assessment | 163 500 $ |
| Municipal Building Assessment | 696 500 $ |
| Number of Storeys | 3 |
| Type of Building | Row / Townhouse |
| Type of Construction | Brick and wood |
| Year of Construction | 1895 |
| Fire System | Smoke detectors |
| Type of Parking | On street |
| Number of Parking Spaces | 0 (Street parking) |
| Land Surface Area | 1714 |
| Laundry Room | N/A |
| Number of Units | 5 |
| Washer/Dryer Inlet | In all units |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Tenant |
| Fenced | N/A |
| Internet and Telecom | N/A |
| Plumbing | Abs / Pex |
| Condition of Roof | Roof – 2023 |
| Condition of Doors | Semi-glazed |
| Condition of Balconies | Wood |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbell |
| Heating System | Bioenergy – 2022 |
| Hot Water System | Independent tanks |
| Condition of Windows | Windows – 2023 |
| Condition of Kitchens | 1 unit (3) 100% renovated in 2022 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | N/A |
| Condition of Bathrooms | The 3.5 renovated (2022) |
| Environmental Report | N/A |
| Floor Covering | Floating Wood / Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $83,400 | 100 % | $1,390 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $83,400 | $1,390 | |
| Vac. / Bad debt | $2,502 | 3 % | $42 |
| EGR | $80,898 | $1,348 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Current | $3,387 | 4.2 % | $677 |
| Municipal Taxes | Current | $9,324 | 11.5 % | $1,865 |
| School Taxes | Current | $587 | 0.7 % | $117 |
| Insurance | Current | $3,804 | 4.7 % | $761 |
| Electricity | Current | $2,371 | 2.9 % | $474 |
| Heating | Current | $714 | 0.9 % | $143 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.5 % | $250 |
| Maintenance | Normalised | $3,500 | 4.3 % | $700 |
| Appliances | ||||
| WiFi | Estimated | $1,810 | 2.2 % | $362 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $809 | 1 % | $162 |
| Total expenses | $27,556 | 34.1 % | $5,511 | |
| Net Revenue | $53,342 | $10,668 |
| Maximum loan amount | $904,256 | $676,042 |
| Financing CAP | 5.01 % | 5.92 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.5 % | 4.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $53,342 | $53,342 |
| Annual Mortgage Cost | $51,491 | $42,673 |
| Net cash after mortgage | $1,851 | $10,668 |
| RETURN ON INVESTMENT | ||
| Down Payment | $270,744 | $498,958 |
| Cash on cash return | 0.7 % | 2.1 % |
| Return on liquidity + capitalization | 4.0 % | 5.4 % |
| Total yearly return with appreciation of 2 % | 12.64 % | 10.08 % |
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